Max 401k Contribution 2024 Over 50 Catch Up

Max 401k Contribution 2024 Over 50 Catch Up. The combined limit for employee and employer contributions is $69,000. For 2024, the maximum 401 (k) contribution limit is $23,000 for individuals under the age of 50.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. That mark is up $500 from 2024’s cap.